A delegation headed by the Minister of Agriculture of the Islamic Republic of Iran Mahmoud Khodjati arrives in Baku on May 15.
As Turan was told in the Ministry of Agriculture of Azerbaijan, within the framework of this visit, which will continue until May 17, a business forum will be held with the business circles of the two countries involved in the agricultural sector. The Iranian minister will be accompanied by a group of private entrepreneurs.
According to the State Customs Committee, in 2015 Azerbaijan imported agricultural products from Iran, totaling $ 16.3 million. Exports of agricultural products from Azerbaijan to Iran were estimated at $ 0.7 million. -----08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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